ALEXANDRIA, Va. – NCUA said this afternoon it banned Alexander Flores, a former teller at Capstone FCU, from the credit union industry for stealing $72,000 from the credit union.
Flores, who worked at the Aliso Viejo credit union for three years, was sentenced to 120 days in prison and ordered to pay restitution to Capstone FCU.
He is also a suspect in a similar theft from Wescom Central CU, where he had previously worked.
Bill Demchak of PNC Financial Services Group got a $10 million raise in 2025. It was the largest pay bump, on a dollar basis, among a group of more than 50 bank CEOs.
BOK Financial and Atlantic Union Bankshares are among the lenders with very low rates of bad loans. They're telling investors it won't last forever.
AI is being used to help investigate red flags and to chat with criminals to find out more about their tactics.
Support for Citi's annual say-on-pay resolution fell steeply, with about 60% of shareholders voting in favor of the bank's 2025 executive-compensation program. The decline is likely related to a one-time equity award to CEO Jane Fraser and concerns about how the bank determines incentive pay.
The House passed housing legislation that includes a slightly pared-down institutional investor housing ban, as well as a raft of community bank measures.
The White House issued an executive order Tuesday requesting that the Federal Reserve review access to payment accounts for fintechs and digital asset firms.
